World number three supplier India’s iron ore exports and prices could be hit by quality issues on $2.2bn of shipments raised by China, where India sends almost all its exports, Reuters reported on Thursday.
During the first four months of 2011, over a third of India’s exports to the Chinese province of Jiangsu were substandard, China’s General Administration of Quality, Supervision, Inspection and Quarantine (AQSIQ) said in a notice posted on its website (www.aqsiq.gov.cn).
“We should check the quality of ore before shipping. It is a serious issue. It may affect India’s exports (and) price realisation,” Basant Poddar, vice-president, Federation of Indian Mineral Industries told Reuters.
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